Tesla aims to 2,000 Chinese made cars a week by year's end

Tesla aims to 2,000 Chinese made cars a week by year's end

Tesla production in China could reach 2,000 vehicles a week by the end of the year, Ceo Elon Musk said.

«It looks like we will reach volume production at the end of this year with at least more than 1,000 cars a week, maybe 2,000» Musk said responding to an analyst's question about whether he was still confident in reaching a 3,000 Model 3 cars a week target in Shanghai, though he didn't specify when that target would be reached.

Tesla's first Chinese factory, under construction, would help the company to avoid the current 15% tariff on imported cars from the US, making its pricing more competitive against local brands.

Musk also said Tesla was working to have multiple battery cell suppliers for the Shanghai factory. Te company, which has so far relied on Panasonic batteries, is talking with top Chinese battery producer Contemporary Amperex Technology about supplying cells for the Model 3 cars it will assemble in Shanghai.